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View Full Version : Life Insurance for 65- year old

jayerose
12-17-2021, 10:55 AM
Any suggestions where to apply?
EdFNJ
12-17-2021, 11:22 AM
A new policy at 65? May as well just self insure, as it's probably going to cost 80% of face value with a 2yr waiting period before they pay and if you have had anything more than a cold they probably won't take you. These folks will, they advertise on TV 900x a day. Get a Quote - colonialpenn.com (https://colonialpenn.com/quote) :) I guess if money is no object anyone will sell you a policy. Best advice: CALL a bunch of agents and get quotes. My $150K 25yr term policy expired when I was 69. The renewal rate was something like $6000 a year.
tophcfa
12-17-2021, 03:29 PM
Any suggestions where to apply?

Best life insurance for a 65 year old is to get vaccinated and boosted. You can apply at CVS : )
DAVES
12-17-2021, 04:05 PM
A new policy at 65? May as well just self insure, as it's probably going to cost 80% of face value with a 2yr waiting period before they pay and if you have had anything more than a cold they probably won't take you. These folks will, they advertise on TV 900x a day. Get a Quote - colonialpenn.com (https://colonialpenn.com/quote) :) I guess if money is no object anyone will sell you a policy. Best advice: CALL a bunch of agents and get quotes. My $150K 25yr term policy expired when I was 69. The renewal rate was something like $6000 a year.

Several amusing things concerning insurance a $150,000 25 year term policy was significant money at the start. Due to inflation in 25 years it was worth very roughly 1/6th in purchasing power. Too late for a do over. If, you had say cancer with an expected survival of two years, it would be a 12,000 investment on $150,000 return for your survivors.

Obviously an insurance company estimates risk and charges accordingly. Many at 65 are termed un-insurable, due to health issues
EdFNJ
12-17-2021, 04:10 PM
Several amusing things concerning insurance a $150,000 25 year term policy was significant money at the start. Due to inflation in 25 years it was worth very roughly 1/6th in purchasing power. Too late for a do over. If, you had say cancer with an expected survival of two years, it would be a 12,000 investment on $150,000 return for your survivors.

Obviously an insurance company estimates risk and charges accordingly. Many at 65 are termed un-insurable, due to health issues Their quote to me was with no exam or health check needed. And true but for $23 a month I wasn't going to cancel it.